The Forex Star

It used to be the case that fundamental analysis was the be all and end all of market speculation. All the famous traders, all the up and comers and everyone else in-between considered themselves a fundamental analyst. Technical analysis was a myth, a load of nonsense dreamt up by traders who couldn’t get fundamental analysis to work for them.

That seems a long time ago now doesn’t it? All you ever see now if you’re looking for trading strategies or trading advice is indicators galore and chart patterns left right and centre. We’ve gone full swing to the point that the standard retail trader doesn’t use fundamental analysis at all. In fact the closest they get is checking an economic calendar to make sure they aren’t opening any trades during a major news release. Even if you try to find some information out about fundamental trading it’s hard to come by and it seems to be limited to large funds and institutions only.

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In order to successfully create a forex trading strategy all profitable traders will use some sort of either technical or fundamental analysis. Many traders choose to go with technical analysis as their main tool because it, all else being equal, is easier to implement than fundamental analysis. With the software available much of the hard work is done and you really don’t need to have a solid understanding of advanced math to use these strategies. Other traders choose instead to go with fundamental analysis. Fundamental analysis can seem a bit overwhelming at first because it involves so many factors.

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